Will my investments in equity and mutual funds attract long-term capital gains tax?
- Venkata Mahesh
It seems, you are asking whether there is any change in the tax treatment of long-term capital gains on equity investments in the budget. Here is the happy news: the budget did not propose any changes in long-term capital gains on equity. If equity investments are sold after 12 months, you do not have to pay tax on long-term capital gains. Long-term capital gains tax on equity investments continues to be zero.